STUART, Fla., Jan. 9 /PRNewswire-FirstCall/ -- Liberator Medical Supply, Inc. (OTC Bulletin Board: LBMH), the wholly-owned subsidiary of Liberator Medical Holdings, Inc., announced today that it has exceeded management's expectations for December's gross sales and has set a new company record for the highest monthly and quarterly sales ever.
"We believe that Liberator is approaching the break-even point and that we anticipate reaching that point by March at the current rate of revenue growth," said Robert Davis, CFO. "On an annualized basis, since last July we have grown over 100% in gross sales and this first quarter of Fiscal 2008 represents an increase of 70% over the last quarter of fiscal 2007," said Mr. Davis. In the past quarter we have realized revenue growth in direct-to- consumer segment products in diabetes, masectomy and urology.
Mark Libratore, CEO, commented: "Our marketing efforts continue to provide consistent and sustainable growth at more than acceptable customer acquisition costs. It is important to keep in mind that much of the revenue generated during this latest growth cycle shall reoccur on a monthly or quarterly basis for years to come due to the re-order patterns of our customers." Mr. Libratore added, "The company has obtained outside capital in the past and will require additional capital in order to sustain our rapid growth until we are well past break-even, at which time we will be able to self-fund much of our growth. To that end we have been in discussions with both large and smaller funding sources on a continual basis."
About Liberator Medical Supply, Inc.
Liberator Medical Supply, Inc. is a national direct-to-consumer
provider of quality medical supplies to Medicare-eligible seniors. An
Exemplary Provider Accredited by The Compliance Team, its unique
combination of marketing, industry expertise and customer service has
demonstrated success over a broad spectrum of chronic conditions. The
|SOURCE Liberator Medical Holdings, Inc.|
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